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Nov-26-08

Middlemen Services

posted by constance

With the current economy slump, many people are defaulting on their loans and mortgage so it is no surprise to have banks or financial institutions chasing after these debters. Compared to those loan sharks, collecting payments are conducted in a more peaceful manner without any threats, violence, haggling and all that noise. Defaulters should always negotiate with the banks if they find themselves in a spot paying up loans. It works both ways too. Banks do not engage their own employees to collect from these debters. As a matter of fact they engage the services of debt collection agencies for a small fee to help them collect any checks or monies due. Some landlord renting out apartments also do that too. It makes sense for a little bit of convenience and for others, stay anonymous.

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  1. Ryan mami Said,

    Nowadays, loan sharks (those legal money lender) have websites and emails!! So advanced!

  2. Ryan mami Said,

    I think some bank also hired those agents to give a reminder phone call their debtors to pay up their loans too!! It’s real annoying ler these agents!

  3. lil prince's mum Said,

    Don’t trust any middle man..

    lil prince’s mum’s last blog post..Alphabet Tag

  4. lil prince's mum Said,

    Just go straight to whatever right people we should contact for any services..

    lil prince’s mum’s last blog post..Alphabet Tag

  5. lil prince's mum Said,

    to avoid this from bank, I think we’ll juz hv to make ourselves, debt-free…

    lil prince’s mum’s last blog post..Alphabet Tag

  6. lil prince's mum Said,

    btw, r these agencies legal?

    lil prince’s mum’s last blog post..Alphabet Tag

  7. lil prince's mum Said,

    Become landlord rent out apartment oso headache hor.. If ppl refuse to pay rental..

    lil prince’s mum’s last blog post..Alphabet Tag

  8. Ryan mami Said,

    No problem for ppl who refused to pay the rental as normally the landlord will sign off a contract first.

  9. Ryan mami Said,

    Also, landlord usually collect 3 months rental in advance.

  10. Ryan mami Said,

    If I become a landlord, I would have the rental paid thru banking! Be internet banking or deposit thru atm machine. Hassle free!!

  11. Ryan mami Said,

    Wow…being debt free, I guess that person must be really damn rich… full of CASH ON HAND!!!

  12. mummy gwen Said,

    My hubby is the one dealing with the banks.

    mummy gwen’s last blog post..Alphabet Tag

  13. mummy gwen Said,

    Hehe..I don’t know much about this middlemen services.

    mummy gwen’s last blog post..Alphabet Tag

  14. mummy gwen Said,

    I didn’t know there are debt collection agencies in Msia or not.

    mummy gwen’s last blog post..Alphabet Tag

  15. mummy gwen Said,

    We are moving to a new house soon. We will be renting out our apartment after that.

    mummy gwen’s last blog post..Alphabet Tag

  16. mummy gwen Said,

    But then why do landlords want to stay anonymous. Don’t they want to interview their tenants…hehe

    mummy gwen’s last blog post..Alphabet Tag

  17. lil prince's mum Said,

    Great Idea, I think it’s better to interview first… At least know who u r renting to~~~

    lil prince’s mum’s last blog post..Alphabet Tag

  18. Ryan mami Said,

    Err… I think got those ‘illegal’ debt collection also…

  19. Ryan mami Said,

    Agree… interview or meet up the tenants before renting out. Also, make sure make a contract lor!

  20. Ryan mami Said,

    At least got black and white better…

  21. mummy gwen Said,

    These ‘illegal’ agencies are everywhere hor..

    mummy gwen’s last blog post..Alphabet Tag

  22. mummy gwen Said,

    Contract as in black and white is a MUST.

    mummy gwen’s last blog post..Alphabet Tag

  23. mummy moon Said,

    Now only I know there is such a service.

    mummy moon’s last blog post..Yan Yan at 27 months

  24. mummy gwen Said,

    I think even millionaires are not debt free..hehe.

    mummy gwen’s last blog post..Alphabet Tag

  25. mummy moon Said,

    If the fee is not that expensive, I think most of the banker will appoint the agency for this service…

    mummy moon’s last blog post..Yan Yan at 27 months

  26. mummy moon Said,

    Become landlord also having lots of problems

    mummy moon’s last blog post..Yan Yan at 27 months

  27. mummy moon Said,

    I rent my 1 unit of aparment to a oversea student who studying here…Lucky we no need to collect rental from him every month, he will bank in to our bank account… HEHE, good ohhhh??

    mummy moon’s last blog post..Yan Yan at 27 months

  28. Ryan mami Said,

    True!! Those got bungalow and super nice expensive cars don’t mean they’re debt free…

  29. mummy moon Said,

    Then I can skip the middle men service…

    mummy moon’s last blog post..Yan Yan at 27 months

  30. mummy moon Said,

    I hope I am debt free too. But I am not… 🙁

    mummy moon’s last blog post..Yan Yan at 27 months

  31. mummy moon Said,

    Loan sharks is terribles

    mummy moon’s last blog post..Yan Yan at 27 months

  32. Ryan mami Said,

    Yes… it’s hassle free to ask the tenant to bank in the rental!

  33. Dora Said,

    Loan sharks’ biz is getting slow too now…

    Dora’s last blog post..Need Something To Laugh?

  34. Dora Said,

    yeah sometimes landlord is difficult in collecting rents!

    Dora’s last blog post..Need Something To Laugh?

  35. Dora Said,

    I think those debt collection agencies have better skill in collecting monies!

    Dora’s last blog post..Need Something To Laugh?

  36. mummy gwen Said,

    Some tenants are irresponsible and they never pay rents.

    mummy gwen’s last blog post..Fantastic Four

  37. mummy gwen Said,

    My BIL had a hard time collecting rents from his previous tenant. Everytime my BIL went to the house, they always not at home!

    mummy gwen’s last blog post..Fantastic Four

  38. mummy gwen Said,

    In the end, my BIL threatened them that he would report to the police.

    mummy gwen’s last blog post..Fantastic Four

  39. mummy gwen Said,

    They did pay the outstanding rentals and my BIL kicked them out of the house.

    mummy gwen’s last blog post..Fantastic Four

  40. mummy moon Said,

    I think the debt collection agencies do help the banks and landlord a lot…

    mummy moon’s last blog post..Alphabet Tag

  41. mummy moon Said,

    You have any idea on how they charge for the collection fee?

    mummy moon’s last blog post..Alphabet Tag

  42. mummy moon Said,

    I just hope that debters can pay their installment on time…

    mummy moon’s last blog post..Alphabet Tag

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